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Search Results 0 to 14 of about 15 (some duplicates have been removed)
with president obama's very public attempt to pressure congress into putting off billions of dollars in automatic spending cuts, cuts he fears will wreck the u.s. economic recovery. basically he wants lawmakers to kick the can down the road one more time. let's go to our white house correspondent dan lothian. dan is joining us. dan, the president made a little bit of a surprise appearance over in the white house briefing room. >> reporter: that's right. very surprising because the president in the past has criticized these short-term deals saying that this is not what the american people sent their elected officials to washington to do. you have this march 1st deadline quickly approaching. while congress is trying to work on a bigger budget, 1 pine point $2 trillion package, the president says they need more time in order to continue tipping away at the problem. the big concern is that everyone believes that the economy is moving in the right direction. the president is pointing to auto sales, the housing, to manufacturing. and so there's this worry that if this see quester happens, if these deep
the government and the economy? we're also looking into why president obama was completely unaware, supposedly, that several hundred illegal immigrants already have been freed because of the forced spending cuts? and i'll ask new york city mayor's michael bloomberg if he'll run for president in 2016. i'm wolf blitzer. you're in "the situation room." >> let's begin today with the rally on wall street. major gains that can affect your retirement savings and more. dow jones industrials completely erased a steep drop earlier in the week. let's go live to felicia taylor in new york. what happened, felicia? >> ben bernanke in his testimony in washington basically saying that we are going to see quantitative easing through 2016. that's what the market is focused on. yes, we've got better than expected numbers on manufacturing and home sales but when they heard that ben bernanke still believes we aren't going to see unemployment drop to 6.5% until 2016, that means stimulus measures are going to be in place and that's what wall street wants to hear. wo wolf? >> the 14,060, the market had collapsed in 2
doubled under president obama but should he take any credit for it. >>> landing in political trouble, legal troubles may be ahead. >>> if you're among the millions who watch the super bowl just for the commercials, we'll point out the controversial ones you won't want to miss. i'm wolf blitzer. you're in the situation room. today wall street reached a milestone we haven't seen in years. for the first time since 2007, the dow jones industrial average climbed above the 14,000 mark. the average has more than doubled since bottoming out at 6547, 6,547 just after president obama took office back in 2009. let's get quickly to alison kosik. she's at the new york stock exchange. it's just above 14,000, alison. >> it is. what's interesting, as we see the dow cross over 14 thourk for the first time in five years, believe it or not, not everybody thinks it's a big deal. some people say it's a nice round number that we like to talk about and others say, yes, it is a milestone after the economy pretty much fell to pieces. now this is a sign that things are finally come canning back. remember this
president obama's about to take the stage to talk about two of the top priorities from his state of the union speech, jobs and guns. we expect him to connect the need for jobs as a way to get young people off the streets and out of trouble. right now you're looking at some video of cleopatra pendleton. she's the mother of the young girl struck down by gunmen in chicago a few weeks ago, right around the time of the inauguration after she performed at president obama's inaugural. she's one of the guests there for president obama's visit. we'll be going there to chicago as soon as mr. obama starts speaking. but first i want to bring in our chris cuomo who was in chicago right now. he's going to tell us a little bit about what we should expect from the president and what he'll be talking about. obviously, chris, gun violence has been a major issue in chicago for many, many months now and the president has been called to this question, why hasn't he dealt with more forcibly in his remarks in a few moments, chris? >> reporter: that's right. it sets off in the '80s where he began his ca
presidential candidate possible marco rubio will give the republican response to president obama's state of the union address next week. at this, he'll deliver his response in both english and spanish. let's discuss what's going on in our strategy session. joining us, the democratic strategist, paul begala and alex castellanos. alex, what does that say to you that the senators have picked marco rubio? [ speaking in spanish ] >> i think it's a great idea that they are putting him up against a new generation of democrat. barack obama moved the ball forward for democrats and now you're seeing the next generation of republicans step up. he's one of our most talented republicans but also represents new ideas. he's what we would call a bottom up republican. grow the economy up from the bottom up, not top down. >> the fact that he's going to do it in spanish as well, that will appeal to some latinos and hispanics out there? >> absolutely. it's a terrific choice. he's an outstanding speaker. i've seen him speak and he is powerful and mesmerizing. but i think he's made two different primaries. fi
be a threat? also in a few minutes u.s. senate expected to vote on chuck hagel president obama's controversial nominee for defense secretary. we'll bring to it live. more on what's going on in egypt right now. a holt air balloon carrying lots of tourists explodes and plummets to the ground. we're finding out how this could happen. we're going live to egypt. i'm wolf blitzer. you're in "the situation room." >>> we begin with the huge winter storm, the national weather service is now calling historic. cities like amarillo, texas, wichita, kansas have broken snowfall records. 45 million in 21 states are being affected one way or another. the storm is blamed for at least three deaths. look at this. it's even dangerous after the storm blows away. in kansas city, the heavy wet snow is causing roofs to collapse. nobody was hurt in this building. but the snow is also bringing down tree limbs on to power lines. in kansas city thousands of people are reported without power. george, what's going on? >> reporter: this is par for the course here in the midwest. this is the second time in a week that this r
hill. for a short time today, protesters actually shut down today's hearing for president obama's nominee to run the cia. and iran is posting video, it claims, was decoded from a captured u.s. drone. the man president obama wants to run the cia is getting grilled right now at his confirmation hearing. john brennan is getting hardball questions about targeting terrorist ares and whether he supported the cia's enhanced interrogation techniques, including waterboarding. we're going to have a full rourp on that and all of the day's other news right after this. officemax is celebrating our new collaboration with go daddy! with an online package including: domain name, website builder with five pages and basic email just $49.99! that's up to 76 percent below online providers and only at officemax stores! [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadill
for many, many months that this was going to occur. president obama has submitted proposals on three different occasions. a balanced approach. when the supercommittee was meeting back in the fall of 2011 and his own budget submission and last fall as part of the fiscal debate challenges, he's put office on the table to the congressional republicans who simply refuse to close corporate loopholes and to force the wealthiest americans to pay their fair share. we've had over $2.5 trillion in savings and cuts. we cannot cut our way to prosperity. we need a balanced approach and that's what the president has told the republicans. >> when she says balanced approach, alex, she means more taxes, higher taxes for wealthy americans and for big corporations. what's wrong with that? >> close loopholes. >> what's wrong with that is that washington is telling us that if we cut a single penny, then the national parks are going to close, as if the grand canyon was going to stop being a hole in the ground without federal funding. this is outrageous. the people who are supposed to serve us are telling
Search Results 0 to 14 of about 15 (some duplicates have been removed)